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FOX Business
Nov 30, 2012 1:00pm EST
the math on all that though. ashley: no. tracy: stimulus spending will help the fiscal cliff. our first guest just finished up a mead meeting with senate minority leader mitch mcconnell. gerry seib is "wall street journal" washington bureau chief. we're dying to know what he said? what did he say? >> he said several things and we have story on the website that summarizes all of this. first of all his reaction to the geithner proposal today was to laugh at it. comical and essentially a nonstarter. in his view the ball remains in the president's court. that is what you would expect. secondly he said nothing better is going on in private. it is not as if there is some quiet talks going on he said, that have a better tone than what we've been hearing the last 48 hours. thirdly, really intriguingly, here is what we're looking for from the white house on entitlements, on steps to rein in spending on entitlement programs. republicans have been saying we're waiting for something to happen on spending so that we can then maybe have a more meaningful conversation on revenues on the other side. we
FOX News
Dec 1, 2012 1:00pm PST
may hang in the balance as the nation gets closer to a fiscal cliff. democrats and republicans have one month to come up with a plan to stop the across the board tax hikes and the major federal spending cuts from taking effect. i'm gregg jarrett. >> heather: i'm heather childers. some of the early optimism for a deal seems to be fading. steve is live in washington with more. >> reporter: one month away from that so-called fiscal cliff. there appears to be very little movement toward any kind of deal. president obama is using the bully-pulpit to appeal to the american people to push for immediate action to push the tax cuts for everybody except for those earning more than $250,000 a year. in his saturday address, he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle-class family of four will see income taxes rise by $2200. we can't let that happen. a families can't afford it and neither can our economy. >> reporter: republicans led by house speaker john boehne
FOX News
Nov 30, 2012 6:00am PST
of about 9% across defense and all domestic spending. that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways to compensate providers.
FOX News
Dec 3, 2012 10:00am PST
the white house fiscal cliff package. the white house's proposal to avoid the big tax hikes and spending cuts that are going to happen in january, unless something is done. that proposal has come under heavy criticism from republicans who say wasn't serious. how speaker john boehner said he was flabbergasted. mitch mcconnell reportedly laughed out loud and in this debate over reducing the debt, the president is pushing for an additional $255 billion in spending. he wants those higher taxes to spend more, which is leading to some criticism. joining me now is brad blakeman, the former deputy to george w. bush. and chairman of the south carolina democratic party. a deal that is all about the republicans desire to cut back on the debt and deficit -- why would the president be proposing $255 billion in war spending? >> well, he's not. what he is proposing is shifting spending priorities. after those cuts, shifting priorities, and by the way -- this is infrastructure development. this is to make sure that people who have gone the payroll tax relief keep that payroll tax relief and expanding un
CNN
Dec 4, 2012 1:00pm PST
left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker
FOX News
Dec 3, 2012 6:00am PST
's economy goes over the so-called fiscal cliff. the white house and congressional republicans said to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we
MSNBC
Nov 30, 2012 7:00am PST
who argue that we should go off the fiscal cliff, that it will push them to negotiate a sort of more thoughtful deal -- >> right. >> -- they say that it's not a fiscal cliff, it's, you know, more of a slope. having said that, what is your thought on the psychological impact if we go off the cliff? >> it's huge. it's tremendous. it's absolutely tremendous because it will go across the board from regular americans who are going to see their taxes go up from $500 to $2,000 for middle-income household. this is going to affect their bottom line tremendously. that's groceries. that's saving money. that's their savings money for the year. but also what about mortgage interest? will that affect the housing market? there may be initial -- basically, it will go back down again, the housing market. or if it gets phased in, maybe we'll see a jump because people will rush in before the deduction completely goes away. but i think there's a lot of concern and a lot of panic among regular americans about will i lose these tax deductions? and what's that going to do to the ability to pay all my bills
Current
Dec 6, 2012 6:00am PST
. the president yesterday on the fiscal cliff. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world news tonight" theme ♪] >> stephanie: associated press says the white house is signalling president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >> stephanie: and he point
CSPAN
Nov 30, 2012 10:30pm EST
to see us go over the fiscal cliff, but feel very strongly we've got to get serious here. we don't want to increase tax rates. we're not going to increase tax rates. and we want to do something about the spending problem. and remember, the good will, the piece that is, i think, determinive here, the speaker's put new revenues on the table just after the election and said we get it. the president won his re- election. we won ours. we have to now come together. here is our proposal to the speaker -- to the president that we were unwilling to give a year and a half ago. >> they know they need to put revenant on the table, but will you come back and give them the entitlement cuts? >> we will take this as a serious matter. this is not a game. we are interested in trying to solve the problem for the american people so that we do not see taxes go up on anybody, so we can engage in reform, get the economy going again. we're not playing a game. that offer yesterday was not serious. thank you. >> this is about 20 minutes. >> good afternoon. i'm here today with my colleague. i invited him here to
Search Results 0 to 8 of about 9